Obama administration to issue executive pay limits

That's precisely why more people don't go into teaching. When you have an extremely talented individual who can go into the private sector and make 2-3 times the salary he would make as a teacher, obviously that's going to be a tough choice. If talent were truly rewarded, teachers would make a helluva lot more. (And, consequently, teacher quality might improve.)

Given the number of layoffs, I don't think these companies will have problems recruiting talent. From what I see on the news, people are banging on the doors begging for work.

-Matt

 

Something like this:

The sad thing there were hundreds of people that not even qualify for the job, holding back those that did qualify.

 

I don't have no MBA. I don't NEED no stinkin' MBA. I already have everything that it takes to drive a multibillion dollar company into bankruptcy. I could ruin entire economies if I was given the chance, just as quickly and just as thoroughly as any Wharton graduate could.

So why aren't I being paid the GDP of a small African country every year? Where's my horse-country estate and my European sportscars? Where's my personal jet and my golden parachute? I'd even look fabulous sweeping grandly into an exclusive restaurant in an incredibly expensive suit with a babe half my age on my arm.

I've got the talent and I've got the skills!

 

I'm challenging the insinuation that CEOs moving to the government (I still haven't figured the logical sequence of bailout to government employee) will somehow make them more greedy and corrupt. (ok maybe I will have to exclude political appointees) If I misread your intent let me know.

I always find it interesting that folks will sweep us all with a brush as greedy, corrupt, incompetent, etc...

 

No, but a bank that would extend me a business loan would have every right to second-guess how large a salary I'm paying myself.

 

The Florida Credit Union League is on the hunt for a CEO. Warning, if hired be prepared for tire thrashings and eggs on your windshield.

http://www.cuer.coop/Florida_Credit_Union_League_CEO.html

http://www.indeed.com/jobs?q=ceo&start=80

 

Ask the New York Knicks about Stephon Marbury...

 

There are a couple of problematic assumptions implied in that.

First, is it really true that there are only a small number of business superstars who are capable of successfully running large corporations?

Second, assuming for the sake of argument that the answer to that is 'yes', then is there any reason to believe that corporations are capable of reliably identifying who these super-managers are and are in fact paying the big-bucks to the right people?

There's little that suggests to me that those who are currently receiving the obscene compensation packages are indispensible to the organizations that are paying them or that they couldn't be replaced with less expensive talent without any significant drop-off in the organization's effectiveness, growth or profitability.

 

Are you saying that the New York Knicks are actually bankrupt and that Stephon Marbury's salary is what bankrupted them? I'd be interested to hear/read about that story if it is true.

 

Yeah of course Dr. Literal...that is what I am saying...

My point is simply that people get overpaid and sometimes underperform in every industry or even wreck a business or in this case sport's team...

 

I think the Yankees may be a good example in 5-10 years. This A-Rod scandle could dwarf Bonds and the rest of the juicers. Add a payroll that looks more like a GDP....

Should make for an interesting few years for Yankee fans.